This morning's market analysis shows that the Bitcoin four-hour chart is displaying a low-level sideways consolidation pattern. After finding support at the 105500 position, the price has begun to rise slowly, gradually recovering lost ground, with an overall trend forming a clear stepped rising structure. On the technical side, indicators are showing some divergence, and the fast and slow indicator lines are moving towards the zero axis.
Affected by the weekend market atmosphere, it is expected that market fluctuations will be relatively calm in the near term. The short-term strategy can maintain a low-buying approach based on support levels, and during the weekend, it is recommended to primarily adopt a range trading strategy, with special attention to the key resistance level of 106300.
The current trading range for BTC is between 105200 and 105500, with an upward target looking towards around 107000. For Ethereum, the current trading range is between 2530 and 2550, with the upward target position around 2600.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
26 Likes
Reward
26
11
Share
Comment
0/400
ZkSnarker
· 22h ago
Well actually, trading ranges
Reply0
MainnetDelayedAgain
· 06-15 09:59
Waiting for the pump delay
Reply0
MoonRocketman
· 06-14 23:38
The rocket has been fully repaired.
Reply0
Endure
· 06-14 21:03
Bull Run 🐂
Reply0
GasFeeThunder
· 06-14 11:58
Wait for zero-axis results
Reply0
MemecoinResearcher
· 06-14 02:51
Sideways until proven bullish
Reply0
TokenSherpa
· 06-14 02:49
Keep watching 106300
Reply0
DefiOldTrickster
· 06-14 02:48
Continue to maintain a Full Position and chase the price.
This morning's market analysis shows that the Bitcoin four-hour chart is displaying a low-level sideways consolidation pattern. After finding support at the 105500 position, the price has begun to rise slowly, gradually recovering lost ground, with an overall trend forming a clear stepped rising structure. On the technical side, indicators are showing some divergence, and the fast and slow indicator lines are moving towards the zero axis.
Affected by the weekend market atmosphere, it is expected that market fluctuations will be relatively calm in the near term. The short-term strategy can maintain a low-buying approach based on support levels, and during the weekend, it is recommended to primarily adopt a range trading strategy, with special attention to the key resistance level of 106300.
The current trading range for BTC is between 105200 and 105500, with an upward target looking towards around 107000. For Ethereum, the current trading range is between 2530 and 2550, with the upward target position around 2600.